Conditions Precedent to Initial Loans and Initial Letters of Credit Clause Samples

Conditions Precedent to Initial Loans and Initial Letters of Credit. The obligation of the Lenders to make the initial Loans or the Issuing Lender to issue the initial Letter of Credit, whichever may occur first, is subject to the satisfaction (or waiver in accordance with Section 10.09) of the following conditions precedent:

Conditions Precedent to Initial Loans and Initial Letters of Credit. The obligations of the Lenders to make Loans and of the Issuing Lender to issue Letters of Credit hereunder shall not become effective until the date on which each of the following conditions is satisfied (or waived in accordance with Section 10.09.

Conditions Precedent to Initial Loans and Initial Letters of Credit. The obligations of the Banks and the Issuing Bank to make the initial Extensions of Credit on the Closing Date are subject to satisfaction of the following conditions (in form and substance acceptable to the Banks) on the Closing Date:

Conditions Precedent to Initial Loans and Initial Letters of Credit. 41 SECTION 4.02. CONDITIONS PRECEDENT TO EACH LOAN AND EACH LETTER OF CREDIT ...44

Conditions Precedent to Initial Loans and Initial Letters of Credit. The obligation of the DIP Lenders to make the initial Loans or the Fronting Banks to issue the initial Letters of Credit, whichever may occur first, is subject to the following conditions precedent:

Conditions Precedent to Initial Loans and Initial Letters of Credit